Belarus: Tyre Cord Fabric Market 2024

Tyre Cord Fabric Market Size in Belarus

The Belarusian tyre cord fabric market reduced notably to $X in 2023, dropping by X% against the previous year. In general, consumption, however, continues to indicate a strong increase. As a result, consumption attained the peak level of $X, and then contracted dramatically in the following year.

Tyre Cord Fabric Production in Belarus

In value terms, tyre cord fabric production rose remarkably to $X in 2023 estimated in export price. Over the period under review, production, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2022 to 2023, production growth remained at a somewhat lower figure.

Tyre Cord Fabric Exports

Exports from Belarus

In 2023, the amount of tyre cord fabric of high tenacity yarn exported from Belarus skyrocketed to X tons, jumping by X% against the year before. In general, exports, however, continue to indicate a noticeable decrease. Over the period under review, the exports reached the maximum at X tons in 2016; however, from 2017 to 2023, the exports stood at a somewhat lower figure.

In value terms, tyre cord fabric exports soared to $X in 2023. Over the period under review, exports, however, recorded a pronounced decrease. The exports peaked at $X in 2012; however, from 2013 to 2023, the exports remained at a lower figure.

Exports by Country

Russia (X tons) was the main destination for tyre cord fabric exports from Belarus, accounting for a X% share of total exports. Moreover, tyre cord fabric exports to Russia exceeded the volume sent to the second major destination, Ukraine (X tons), fivefold. The third position in this ranking was taken by Egypt (X tons), with a X% share.

From 2012 to 2023, the average annual growth rate of volume to Russia stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ukraine (X% per year) and Egypt (X% per year).

In value terms, Russia ($X) remains the key foreign market for tyre cord fabric of high tenacity yarn exports from Belarus, comprising X% of total exports. The second position in the ranking was held by Ukraine ($X), with a X% share of total exports. It was followed by Egypt, with a X% share.

From 2012 to 2023, the average annual growth rate of value to Russia stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ukraine (X% per year) and Egypt (X% per year).

Export Prices by Country

In 2023, the average tyre cord fabric export price amounted to $X per ton, declining by X% against the previous year. Overall, the export price recorded a slight decline. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2023, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Serbia ($X per ton), while the average price for exports to India ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Serbia (X%), while the prices for the other major destinations experienced a decline.

Tyre Cord Fabric Imports

Imports into Belarus

In 2023, after two years of decline, there was significant growth in overseas purchases of tyre cord fabric of high tenacity yarn, when their volume increased by X% to X tons. Over the period under review, imports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when imports increased by X%. Over the period under review, imports hit record highs at X tons in 2017; however, from 2018 to 2023, imports failed to regain momentum.

In value terms, tyre cord fabric imports surged to $X in 2023. Overall, imports, however, saw a deep downturn. The growth pace was the most rapid in 2014 when imports increased by X% against the previous year. Imports peaked at $X in 2016; however, from 2017 to 2023, imports failed to regain momentum.

Imports by Country

The Czech Republic (X tons), Turkey (X tons) and Russia (X tons) were the main suppliers of tyre cord fabric imports to Belarus, with a combined X% share of total imports. Hungary, Poland, Romania, Slovakia, Lithuania, Serbia and the United States lagged somewhat behind, together comprising a further X%.

From 2012 to 2023, the biggest increases were recorded for Lithuania (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest tyre cord fabric suppliers to Belarus were Turkey ($X), Lithuania ($X) and Russia ($X), together accounting for X% of total imports.

Lithuania, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2023, the average tyre cord fabric import price amounted to $X per ton, falling by X% against the previous year. In general, the import price continues to indicate a drastic downturn. The pace of growth was the most pronounced in 2021 an increase of X% against the previous year. The import price peaked at $X per ton in 2013; however, from 2014 to 2023, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Lithuania ($X per ton), while the price for Hungary ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Lithuania (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform